Is multfamily’s future in TOD?
The citizens of Seattle have just such an opportunity by encouraging development of dynamic pedestrian-friendly neighborhoods in the areas surrounding Sound Transit's light-rail stations. Nationally, these "new" neighborhoods are called transit-oriented developments (TODs). Locally,...
Levin Johnston expands northwest reach; negotiates sale of prime multifamily property in Portland, Oregon
Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has announced the sale of a two-property multifamily portfolio...
Sheldon Butte multihousing community in Oregon sells for $35.75 million
JLL Capital Markets announced that it has closed the $35.75 million sale of Sheldon Butte, a 176-unit, garden-style, value-add apartment community in Eugene, Oregon.
JLL represented the seller, Cumberland Holdings, LLC. Clear Capital, LLC acquired the...
Levin Johnston directs $20 million land sale for development of 60-unit townhome community
Levin Johnston of Marcus and Millichap, one of the top brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the $20 million sale of a 3.26-acre...
TruAmerica acquires $97 million apartment communities in Las Vegas and Atlanta
TruAmerica Multifamily (in partnership with an institutional partner) has acquired a two-property, 608-unit apartment portfolio of assets in the Las Vegas and Atlanta metros in an off-market transaction valued at $96.8 million.
TruAmerica in joint...
HFF arranges $20.5M financing for mixed-use development in Point Loma, California
HFF announces it has arranged $20.5 million in financing for The Californian, a luxury residential and retail mixed-use development in the coastal San Diego submarket of Point Loma, California.
HFF worked on behalf of Murfey...
Ridge Capital Investors joint venture acquires apartment property in suburban Sacramento, CA
Ridge Capital Investors, LLC and Contrarian Capital Management, LLC have acquired a 250-unit, suburban Sacramento, CA apartment community for $33 million.
Sterling Pointe, located at 2237 and 2257 Hurley Way is a Class B apartment...
Universe Holdings acquires second multifamily property in Ventura, California for $14.55 million
Universe Holdings has acquired Woodland Manor, a multifamily community in Ventura, Calif., in an off-market transaction for $14.55 million. Built in 1969, the property offers 38 two-bedroom, two-bath apartments in a central location in...
A defeat for transit oriented development
When we last discussed the fate of California’s housing bill, SB50, it was being put in suspense with the idea that it would be brought up again later. Well, later has arrived and the...
Trion Properties completes its first ground-up development: A tech-forward multifamily community in Culver City,...
Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, announced that it has completed its first ground-up development project: a multifamily community with numerous tech amenities in...
Intercontinental Real Estate Corporation enters Sacramento market partnering with Security Properties on 244-unit multifamily...
Intercontinental Real Estate Corporation (Intercontinental) in joint venture with Security Properties have acquired Broadleaf Apartments, a 244-unit Class B+ garden-style apartment community located in the Pocket neighborhood of Sacramento, Calif.
The off-market transaction represents a...
Levin Johnston directs acquisition of $69 million multifamily portfolio in Oakland and Berkeley, California
Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has successfully directed the $69 million acquisition of a 13-property...
Stepp Commercial completes $8.5 million sale of 14-unit apartment property in Santa Monica, CA
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $8.5 million sale of an 85 percent occupied 14-unit apartment property located at 833 20th Street in Santa Monica,...
$28 million multifamily refinancing arranged by IPA Capital Markets
IPA Capital Markets, a division of Marcus & Millichap Capital Corp. (MMCC), has arranged $28 million to refinance a multifamily asset in Tustin, California.
“The borrower reached out to us when their loan was about...
Mesa West Capital funds $52 million loan for acquisition of Seattle multifamily community
Mesa West Capital has provided the joint venture of Rise Properties Trust and Cigna Investment Management with $52 million in first mortgage debt for the acquisition and repositioning of a 131-unit multifamily building in...
